The 5th Philippine Real Estate Festival has been slated on July 28-30, 2011, at the World Trade Center, Pasay City, Philippines. This event has become a yearly tradition for me, which is why I really look forward to attending the Philippine Real Estate Festival 2011. After all, this is the fifth iteration of the Real Estate Festival and it should only get better each year.

But what’s in store for visitors this time around? Continue reading to find out!

This is the poster for PREF 2011 from http://pref-events.com/index.htm (click to enlarge). Yes, it seems they have a new website every year.

The Philippine Real Estate Festival or PREF  for short, is probably the biggest annual property festival in the Philippines. I suppose the only other event that comes close would be the Philippine Housing Fair. Anyway, the PREF 2011 theme is “Real Estate, Tourism and Media : A Tripartite Collaboration for National Progress”

What to expect from the Philippine Real Estate Festival 2011

During PREF 2011, expect real estate industry leaders to showcase the most up-to-date technologies, trends, and product innovations, while the latest issues, and topics, are to be discussed by real estate industry experts during various talks and seminars that are to be held throughout the 3-day event.

The topics I am particularly interested in would be:

1. Atty. Eulalio Diaz III’s talk on “How can you check the Authenticity of your land title?”. Atty. Diaz is the current Administrator of the Land Registration Authority or LRA
2. Arch. Felino “Jun” Palafox Jr.’s talk on “Global Trends: Best & Worst Urban Planning, Architecture & Real Estate Development”
3. Professional Regulatory Board of Real Estate Service (PRB-RES) Chairman Dr. Eduardo G. Ong’s talk on “The Impact of RESA Law on the Real Estate Industry”
4. BIR Commissioner Atty. Kim S. Jacinto-Henares’ talk on “Tax Assessment and Exemption on Acquiring Real Estate Properties for Development”

Actually there are a lot more topics that might interest you, just refer to the PREF 2011 program of activities below to see all of them along with their respective schedules.

The real estate festival also promises to help buyers find a property that not only fits their lifestyle, they can also choose from a variety of properties that matches their budgets, from the low-end to the high-end.

Updated listings of bank foreclosed properties

Of course, visitors will also see a lot of participating banks where real estate investors can get updated listings of foreclosed properties and acquired assets for sale. Licensed real estate brokers can also get started with their accreditation.

Free entrance for all!

Don’t forget, admission is totally free! Yes, this event is free for all to attend, and it doesn’t get any better than this!

Philippine Real Estate Festival 2011 Program of Activities

If you are participating in the PREF 2011, please leave a comment below so people can drop by your respective booths.

See you there!

Happy hunting, and learning!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker Registration No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

PS. Facing foreclosure? Tired of being a landlord? Need to liquidate your proprty because you need money? Click here to sell your property fast!

Philippine Real Estate Festival 2011 will be on July 28-30 is a post from: Foreclosure Investing Philippines

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UnionBank invites all interested bidders to attend the 167th Special Public Auction of UnionBank foreclosed properties on April 16, 2011, Saturday, 9:00am. Public auctions will be held simultaneously at different venues and includes foreclosed properties from the Visayas and Mindanao areas.

UnionBank 167th Special Public Auction teaser / invite (click to enlarge)

Auction venues

BACOLOD CITY – Venue: Business Inn Lacson Street

CEBU CITY – Venue: Cebu Country Club

CAGAYAN DE ORO CITY – Venue: The VIP Hotel Don Apolinar Velez Street

ZAMBOANGA CITY – Venue: Grand Astoria Hotel Mayor Jaldon Street

Download the list of foreclosed properties

Download the complete list of foreclosed properties below

167th UnionBank foreclosed properties Visayas and Mindanao auction on April 16, 2011 (click to download)

PDF version: 167th Unionbank foreclosed properties Visayas and Mindanao April 16, 2011.pdf

Thanks again to Lance Yadao for giving us copies of their lists of foreclosed properties for sale!

For more details

Please call:

• Eriq/Lance/Ronald (637-1445)
  
• Doris (638-0125)
• Trunkline No. 667-6388 locals locals Eriq(8373) / Ronald(8372) / Doris (8358) / Lance (8362)

E-mail:

• esbabas@unionbankph.com

Visit their website

• www.unionbankph.com (click SHOP)

Reminders

JUST BRING P20,000 SHOW MONEY (CASH/MC) TO QUALIFY TO BID FOR EACH PROPERTY. CWT IS FOR THE BUYER’S ACCOUNT. FIXED 13% INT. P.A. (FIRST 3 YEARS) & 15% INT. P.A. (NEXT 12 YEARS).

MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY. ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.

UnionBank may, at anytime, withdraw any of the properties listed above prior to auction.

Happy hunting!

Jay Castillo

Real Estate Investor

Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

167th Unionbank foreclosed properties auction for Visayas and Mindanao slated on April 16, 2011 is a post from: Foreclosure Investing Philippines

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The 166th Special Public Auction of UnionBank foreclosed properties will be on March 26, 2011, Saturday, 9:00am, at the 29th Floor UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. The auction starts promptly at 9:00am so interested bidders are reminded to come earlier to have more than enough time to register.

During the last auction

I attended UnionBank’s 165th public auction to accompany business partners who were interested in one of the foreclosed properties for public auction on that day, and I must say that the auction was held in a very professional, and efficient manner. It was finished in about an hour and I was able to go back to Makati before lunchtime to help facilitate the Think Rich Pinoy seminar held on the same day.

During the auction, I couldn’t hep but notice that one of the bidders was unable to raise his paddle on time when the property they wanted to purchase was up for bidding. In short, they lost their bid because the auctioneer already banged the gavel when they realized what was happening, and another bidder won uncontested. Tip: Bidders are reminded to promptly raise their paddles once the property they want is up for auction.

I also like the new auction venue at the UnionBank Plaza, it is so much better than the old venue, which was at the Philippine Columbian Sports Club in Paco, Manila. The auction venue is new, comfy, more accessible, is definitely safe and secure, and with more than enough parking.

*A big thank you goes out to Lance Yadao and everyone from UnionBank for the warm reception.

Download the list of UnionBank foreclosed properties

Just click on the teaser ad below to download the list of UnionBank foreclosed properties for sale through public auction on March 26, 2011, in JPG format(607KB).

Copies of the listing in other formats are also available below:

PDF format: 166th-UNIONBANK-FORECLOSED-PROPERTIES-AUCTION.PDF(152KB)

Excel format: 166th-UNIONBANK-FORECLOSED-PROPERTIES-AUCTION.XLS(465KB)

Thanks again to Lance for giving us copies of their lists of foreclosed properties for sale!

To get more details

Please call:

• Lance/Eriq/Ronald/Rap/Oyo – 637-1445, Doris – 638-0125, Mark – 638-0092, Gel – 636-6359
• Trunkline No. 667-6388 locals 8372, 8358, 8349, 8362, 8364, 8374 & 8369

E-mail:

• esbabas@unionbankph.com

Visit their website

• www.unionbankph.com (click SHOP)

Reminders

JUST BRING P20,000 SHOW MONEY (CASH/MC) TO QUALIFY TO BID FOR EACH PROPERTY. CWT IS FOR THE BUYER’S ACCOUNT. FIXED 13% INT. P.A. (FIRST 3 YEARS) & 15% INT. P.A. (NEXT 12 YEARS).

MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY. ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.

UnionBank may, at anytime, withdraw any of the properties listed above prior to auction.

In addition, don’t forget to do your due diligence BEFORE you bid for any of the foreclosed properties for sale!

Happy hunting!

Jay Castillo

Real Estate Investor

Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

166th UnionBank foreclosed properties auction slated on March 26, 2011 is a post from: Foreclosure Investing Philippines

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I got this list of BDO foreclosed properties for sale earlier this week and this is updated as of February 24, 2011. Please keep in mind that these properties are not for public auction. They are for negotiated sale. This means you just have to submit an offer for the properties you are interested in.

I got this from Ms. Mary Jean V. Reyes of BDO Asset Management Group. You may contact her directly if you would like to inquire about any of the BDO foreclosed properties. Her contact details can be found near the bottom of the list. Don’t forget to thank her for making their list available to us here in Foreclosure Investing Philippines.

The following list is just an excerpt and only contains BDO foreclosed properties in the Metro Manila area. (The complete list in excel format is available for download below. This also contains properties from Luzon, Visayas, Mindanao, bank owned properties for lease, subdivision and joint venture projects, club shares, chattels, and repossessed cars)

You may also download a complete list in excel format through the link below.

BDO-FORECLOSED-PROPERTIES-AND-ACQUIRED-ASSETS-FOR-SALE-FEB-2011(revised) This list contains properties from Metro Manila, Luzon, Visayas, Mindanao, bank owned properties for lease, subdivision and joint venture projects, club shares, chattels, and repossessed cars.

Interested in BDO foreclosed properties?

If you are interested in any of the BDO foreclosed properties on the list, or if you have any inquiries, you may contact BDO Asset Management group directly through the following:

• Visit: BDO Asset Management Group / Sales Department - 25/F, Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Ave., Makati City
• Call: Mary Jean V. Reyes - Manager: 0917-8515802 OR 975-5716 OR 702-7038

Reminders

Please take note of the following:

• Sale shall be on “as is where is” basis.
• Prices are subject to change without prior notice.
• All offers are subject to Management approval.
• Interest rates are based on prevailing rate at time of availment.
• Lease offers welcome for all condominium units listed except those under “With Authority to Sell”. Please call for price.
• Where applicable, prices are exclusive of VAT

Happy investing!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

BDO foreclosed properties for sale as of February 24, 2011 is a post from: Foreclosure Investing Philippines

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UnionBank’s 165th special public auction of foreclosed properties will be happening this coming February 26, 2011, Saturday, at the 29th floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. The auction starts at 9:00am. Interested bidders are reminded to come on time.

I noticed UnionBank has been consistently having public auctions every month, and I’m very thankful to Lance Yadao of UnionBank for always sending us a copy of their list of foreclosed properties for auction.

Download the list of foreclosed properties for sale

You may download the list of UnionBank foreclosed properties for sale below.

Image preview of UnionBank's 165th special public auction of foreclosed properties. Click to download

A copy of the flyer/list of foreclosed properties for sale in PDF format is also available through the following link: 165th SPECIAL PUBLIC AUCTION UNIONBANK FORECLOSED PROPERTIES feb-26-2011.pdf

To get more details

Please call:

• Lance/Eriq/Ronald/Rap/Oyo 637-1445, Doris 638-0125, Mark 638-0092, Gel 636-6359
• Trunkline No. 667-6388 locals 8372, 8358, 8349, 8362, 8364, 8374 & 8369

E-mail:

• esbabas@unionbankph.com

Visit their website

• www.unionbankph.com (click SHOP)

Reminders

JUST BRING P20,000 SHOW MONEY (CASH/MC) TO QUALIFY TO BID FOR EACH PROPERTY. CWT IS FOR THE BUYER’S ACCOUNT. FIXED 13% INT. P.A. (FIRST 3 YEARS) & 15% INT. P.A. (NEXT 12 YEARS).

MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY. ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.

UnionBank may, at anytime, withdraw any of the properties listed above prior to auction.

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Change your mindset and start thinking like a real estate investor! Attend the Think Rich Pinoy Seminar on February 26, 2011. Click here to learn more!

PPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

165th public auction of UnionBank foreclosed properties slated on February 26, 2011 is a post from: Foreclosure Investing Philippines

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Here’s the first public auction of foreclosed properties in 2011 by RCBC Saving Bank to be featured in Foreclosure Investing Philippines. RCBC Savings Bank’s first Dream Buys Auction will be on February 19, 2011, 9:00am, at the L.S. Virata Hall, 2nd Floor, Development Academy of the Philippines, San Miguel Avenue, Pasig City.

I noticed some big differences in this auction as can be seen on the ad. First of all, the minimum downpayment is now as low as 10%. Previous auctions required a minimum of 20% downpayment. This means lesser cashout for the winning bidders.

Although the ad said “FIXED INTEREST RATE” it turns out this is not for 10 years. My wife called up RCBC Savings Bank and it turns out that the interest rate is still only fixed for the first 5 years. Having a fixed interest rate is good because one need not worry about interest rate fluctuations that can have a big impact in one’s monthly amortization payments. You still need to check what interest rate they offer (Please call RCBC Saving Bank directly).

To participate, the show money interested bidders need to bring remains the same, which is Php25,000 per property, in the form of cash or manager’s check.

Just make sure you have done your due diligence before even considering to bid for a property (Check the title, tax declaration, arrears, “the numbers”, etc.). Take note that there are properties with special concerns (occupied / with legal impediments).

Most of the foreclosed properties are from the Metro Manila area, and also includes some from Luzon.

Complete list of RCBC Savings Bank foreclosed properties

To download a copy of the complete list of RCBC Savings Bank foreclosed properties for sale through public auction on February 19, 2011, just clcik on the thumbnail below. You may also download a copy in PDF format, which is searchable, through the following link: RCBC-SAVINGS-BANK-FORECLOSED-PROPERTIES-AUCTION-FEBRUARY-19-2011-MB-JAN-30-2011-PAGE-G4

Source: Manila Bulletin, January 30, 2011 edition, page G-4

For more details

For more details, please call RCBC Savings Bank directly through the following:

• MC 687-0839
• Charmie 638-5032
• Red 0908-8854803
• Alex 0918-9511811
• Jerome 0918-9903744
• Other Properties: Vic Orense 0908-9182781 /687-5430 local 4742 / 470-9432

The fine print

All properties are sold on an “AS-IS-WHERE-IS” basis. Properties and prices are subject to change without prior notice. The Bonk reserves the right to withdraw any property before auction. Inadvertent misprints shall not alter the property’s factual condition nor shall they be deemed as misrepresentation of the property.

By the way, on the same aucton date and venue, aside from the foreclosed properties from RCBC Savings Bank, RCBC foreclosed properties and JPL foreclosed properties are also for sale through public auction. I’ll post this list next. Don’t forget to subscribe to e-mail alerts and get notified once this list becomes available.

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

First 2011 auction of RCBC Saving Bank foreclosed properties slated on February 19, 2011 is a post from: Foreclosure Investing Philippines

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2011′s first public auction to be featured here is the  164th Special Public Auction of UnionBank foreclosed properties. The auction shall be on January 22, 2011, Saturday, at the 29th Floor, UnionBank Plaza, Meralco Avenue corner Onyx Road, Ortigas Center, Pasig City, Philippines. The auction starts at 9:00am.

Only 10% downpayment is required with up to 15 years to pay. To participate in this public bidding of foreclosed properties from UnionBank, Just bring Php20,000 show money in the form of cash or managers check to qualify to bid for each property. Don’t forget to do your due diligence before you bid!

Most of the properties on the list are from Metro Manila and includes residential and commercial foreclosed properties. I also see a lot of new items on the list (hint hint).

Checkout the complete listing in JPG format by clicking on the image preview below. Click here to get a copy of the list of foreclosed properties for sale in PDF format(search-able).

164th Special Public Auction of Unionbank Foreclosed Properties for sale preview (Click to view complete list)

Thanks again to Lance Yadao, Asset Recovery Officer of UnionBank, for giving us a copy of their list of foreclosed properties for sale.

For more details, please contact UnionBank directly through the following:

• Lance/Eriq/Ronald/Rap 637-1445, Doris 638-0125, Mark 638-0092, Gel 636-6359.
• Trunkline No. 667-6388 locals 8372, 8358, 8349, 8362, 8364 & 8374
• You may also send an e-mail to esbabas@unionbankph.com or visit http://www.unionbankph.com (click on SHOP)

The “Fine Print”

CWT IS FOR THE BUYER’S ACCOUNT. FIXED 13% INTEREST P.A. (FIRST 3 YEARS) AND 15% INTEREST P.A. (NEXT 12 YEARS).

MISPRINTS ARE NOT MISREPRESENTATION OF ANY PROPERTY. ALL PROPERTIES FOR SALE ARE ON “AS IS WHERE IS” BASIS.

UnionBank may, at anytime, withdraw any of the properties listed above prior to auction.

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

PS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

164th UnionBank foreclosed properties auction slated on January 22, 2011 is a post from: Foreclosure Investing Philippines

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I just got hold of this list of Asiatrust foreclosed properties for sale updated as of November 2010. Actually, this was forwarded to me by my wife, and I just got permission from Ms. Jane Asuncion of Asiatrust Bank to post the list here.

This list contains foreclosed properties that are for negotiated sale from Metro Manila, CALABARZON (Cavite, Laguna, Batangas, Rizal), Central Luzon, Northern Luzon, and Mindanao.

Payment terms

According to an ad that was recently published in the Manila Bulletin, Asiatrust Bank foreclosed properties can be purchased with only 20% downpayment, at 12% interest rate, and with up to 10 years to pay. The same should apply to this list as most of the properties in that ad are also on the list of foreclosed properties below.

Click here to download the Asiatrust bank foreclosed properties for sale as of November 2010

Pictures and vicinity maps for some properties on the list can be seen below (click to enlarge)

Interested?

If you are interested in any of the foreclosed properties on this list from Asiatrust Bank and want more details, please DIRECTLY* contact:

JANE ASUNCION
924.5655 / 0927.9059774
mtasuncion@asiatrustbank.com

JOEY HERRERA
924.5655 / 0928.5549640
jcherrera@asiatrustbank.com

JO SANTOS
924.5769 / 0908.8831483
jgsantos@asiatrustbank.com

ROSS DANAGO
924.5659 / 0923.4345577
redanago@asiatrustbank.com

MAE BLACER
924.5730 / 0905.6343480
mbblacer@asiatrustbank.com

EARLY OROLFO
924.5730 / 0917.5542109
egorolfo@asiatrustbank.com

*Disclosure: I am neither connected nor accredited with Asiatrust Bank

The fine print

Prices subject to change without prior notice. As-is-where-is.

Confirm prices and availability. The bank has the right to disapprove proposals

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. The next Think Rich Pinoy Seminar will be this coming Saturday, December 4, 2010. Click here now to grab your seats! or click here to download more information (please feel free to forward this your friends).

PPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

Asiatrust foreclosed properties list as of November 2010 is a post from: Foreclosure Investing Philippines

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UnionBank foreclosed properties are up for grabs in their 162nd Special Public Auction on December 11, 2010 and this includes the Visayas and Mindanao areas. If you are one of those looking for foreclosed properties from Visayas and Mindanao, this list is for you. Simultaneous public auctions for will be held in the following venues:

Bacolod City: Business Inn Lacson Street

Cebu City: Cebu Country Club

Cagayan De Oro City: The VIP Hotel Don Apolinar Velez Street

Zamboanga City: Grand Astoria Hotel Mayor Jaldon Street

For more details, please call the Union Bank Head Office: (02) 637·1445 / (02) 638·0125 / 0906·2108828

Only 10% downpayment is required, with the balance payable in 15 years, and NO CREDIT CHECKING. Please refer to the auction announcement below for more details.

Complete listing of UnionBank foreclosed properties in Visayas and Mindanao

Click here to download a copy of the complete list of UnionBank foreclosed properties in PDF format or click on the image below to download a copy in JPG format.

Thanks again to Lance Yadao for sending us this list of foreclosed properties from UnionBank. Lance is their Asset Recovery Officer.

Looking for Metro Manila foreclosed properties?

The UnionBank foreclosed property auction for Metro Manila is fast approaching and will be happening this November 27, 2010. Click here for more details. Links to pictures have been added.

Happy hunting!

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. Attend Larry Gamboa‘s Think Rich Pinoy Seminar on December 4, 2010. Click here now to grab your seats! or click here to download more information (please feel free to forward this your friends).

PPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

UnionBank foreclosed properties auction for Visayas and Mindanao slated on December 11, 2010 is a post from: Foreclosure Investing Philippines

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Earlier this year, I shared with you Eden April Alemania’s story about the first auction of bank foreclosed properties she attended where she bought her first property. Her journey did not stop there.

From her first deal, she went on to her other deals to become a real estate entrepreneur. And it doesn’t even stop there; she’s opened doors to becoming a speaker.

Read her speech in the Rookie of the Year Toastmaster’s contest last December 2009:

Don’t you just love blankets? They feel so soft, snug and warm. When I was a kid, Lola said I can’t sleep without one. I would even drag it with me when I play.

I thought I outgrew the habit but it just evolved to something else.

Growing up, I was enveloped by a blanket of security in the form of little pleasures.

Most of it in the form of money such as being enrolled in private schools, a cell phone and an allowance.

Upon graduation, I was afraid to go out of the confines of my comfortable shell simply because I didn’t know what to expect. Part of the worry stems from not getting an allowance!

Little did I know that being employed is also another blanket in disguise. Let me explain why:

I started my career as a chemical engineer in a semiconductor firm.

I was covered by PD1530. (you know what that means?) It is payday 15th and 30th. Getting a monthly paycheck became my source of security. It went on for almost 3 years until I got to the point where I became physically exhausted.

Whenever I render overtime hours to the company, sometimes unpaid, I would say to myself, wouldn’t it be better if I dictate how much money I will get instead of people telling me how much I am worth in pesos?

I loved my job but there are uncontrollable aspects such as pay cuts and unpaid overtime and I can’t do anything about them simply because I am not in charge.

Suddenly, I realized that my job was just another blanket and that the blanket felt too snug, too warm and too soft for comfort. I didn’t like it.

Then, talks of recession in the first world countries emerged where people are losing their jobs! Then, I experienced the biggest lightbulb moment of my life. There is no security in employment! I could’ve been the one laid off, downsized, fired! The blanket that I’ve been clinging on to isn’t real.

And it hit me like a brick on my head!

I don’t need to be employed to have money. Because money is just an idea, and it is easy to make money.

Let me say that again. Money is just an idea, and it is easy to make money. (I had to repeat this to myself a lot of times before I really believed this statement.)

How did I do it? I took the path of entrepreneurship.

I began dabbling into real estate. (To learn how Eden started in real estate, Grab a seat in the Think Rich Pinoy Seminar)

Early on in my career as an investor, I was approached by a property seller who cannot sell his house in Tagaytay and is willing to sell it for just Php600,000 or 40% of its value.

You know what I did, I sold it  for Php1Million.

And I got a Php100,000 fee from it.

Now, where did that Php100,000 come from? Is that even legal? That value came from my head. I dictated how much my service will cost. And yes, it is perfectly legal. It is called wholesaling.  (see Eden’s blog for the actual deal)

And to top that, I never even set foot on the property. He practically sold the property by himself. All I did was to send him leads. That, I realized, is my core gift. I know how to market real estate. That is what I am passionate about. That should be what I should have been holding on to all my life.

So, again, money is just an idea. And it is easy to make money.

I’ve been covered by blankets all my life.

And these blankets? I don’t need anymore.

- Eden April Alemania

Jay Castillo(that's me!) with Eden April Alemania at the TRP Seminar last February 27, 2010

To meet Eden and Larry Gamboa, grab a seat in the Think Rich Pinoy Seminar this coming December 4, 2010.

Click here to download more information about the Think Rich Pinoy Seminar (please feel free to forward to your friends).

To our success and financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter:http://twitter.com/jay_castillo
Find us in Facebook:Foreclosure Philippines facebook page

Text by Jay Castillo and Cherry Castillo. Copyright © 2010 All rights reserved.

PS. Get to know more about Eden and the other Think Rich Pinoy franchisees at the next Think Rich Pinoy Seminar on December 4, 2010. Grab a seat in the Think Rich Pinoy Seminar

PPS. For those who purchased their TRQ 2.0 tickets using my affiliate links, I will be sending you your free copy of the detailed case study of one of my real estate deals latest on November 14, 2010. It is taking longer than expected to complete. Thanks again for helping make TRQ 2.0 a huge success!

PPPS. Don’t be the last to know, subscribe to e-mail alerts and get notified of new listings of bank foreclosed properties, public auction schedules, and real estate investing tips. Mailbox getting full? Subscribe through my RSS Feed instead!

How an employee found the path to financial freedom and lived to talk about it is a post from: Foreclosure Investing Philippines

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